June 25, 2020 11:53 am
After its largest single-day drop since June 11th on Wednesday, AUD/USD extended losses in late European trade on Thursday, as risk aversion persisted. Mounting concerns over the coronavirus resurgence in multiple parts of the globe have delivered a sizable blow to market sentiment, as the V-shaped economic recovery expected by many seemed to be in […]
Read moreJune 25, 2020 9:21 am
Futures on US West Texas Intermediate Crude Oil extended losses from the prior two trading days and hit a one-week low on Thursday, after government data revealed a larger-than-anticipated increase in oil stocks, while rising new coronavirus cases added to concerns fuel demand recovery might slow. WTI Crude plummeted more than 4.8% on Wednesday after […]
Read moreJune 25, 2020 7:03 am
GBP/USD extended losses from the prior trading day on Thursday, as rising new coronavirus cases in the United States and new frictions on trade dampened optimism over swift economic recovery, urging a move away from riskier assets. Daily new COVID-19 infections in the US reached almost 36,000, the latest data showed, nearing a record set […]
Read moreJune 24, 2020 11:47 am
NZD/USD retreated more than 0.90% on Wednesday, while being set to snap a two-day streak of gains, after Reserve Bank of New Zealand stated the balance of economic risks was still to the downside, regardless of relaxed social restrictions and an earlier resumption of local economic activity. RBNZ also said it was ready to provide […]
Read moreJune 24, 2020 9:36 am
Gold surged for a fourth straight trading day on Wednesday, while reaching highs not seen since early October 2012, as new confirmed cases of the COVID-19 illness continued to rise globally, which could lead to more stimulus measures in support of economy. Daily new coronavirus infections globally rose by nearly 163,000 on Tuesday. As of […]
Read moreJune 24, 2020 7:00 am
EUR/GBP touched a fresh three-month high of 0.9079 on Tuesday on the back of upbeat macro data from the Euro Area, which, along with better-than-expected data in the United Kingdom and in the United States, added to optimism over global economic recovery. The single currency remained well supported above the 0.9010 mark for a fourth […]
Read moreJune 23, 2020 11:44 am
AUD/USD erased earlier losses and surged to a fresh one-week high during European trade on Tuesday, as investor risk appetite resumed, while recent macro data added to hopes of a swift recovery from the pandemic-induced recession. Market risk sentiment took a hit in early Asian trade on Tuesday, mounting pressure on equities, commodity currencies and […]
Read moreJune 23, 2020 9:33 am
Futures on US West Texas Intermediate Crude Oil recovered from losses registered earlier on Tuesday in volatile trade, induced by confusion over the fate of the US-China trade agreement. Comments from White House trade adviser Peter Navarro that the trade deal is “over” initially triggered a selloff in equities, riskier currencies and oil. However, later […]
Read moreJune 23, 2020 6:44 am
Investor risk sentiment took a hit early on Tuesday, sending GBP/USD lower after yesterday’s rally, as reports emerged stating the trade deal between the United States and China is “over.” The news raised concerns that the already strained ties between the two major economic powers could now deteriorate and undermine flow of capital and supply […]
Read moreJune 22, 2020 12:01 pm
Having touched a three-week low in early Asian trade on Monday, GBP/USD regained certain ground later in the day and was set to snap a four-day streak of losses, as the US Dollar weakened while the chances for an EU-UK trade deal are now seen as improving. A COT report showed that investors’ short exposure […]
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